Watch: Indian Bank Q4 profit slides 59% to Rs 132 cr

State-run Indian Bank on Thursday reported 59 per cent decline in net profit to Rs 131.98 crore for the quarter ended March 31, as provisions for bad loans nearly tripled. The bank had reported a profit of Rs 319.70 crore in the same period of 2016-17. Total income during the quarter however rose to Rs 4,954.20 crore, as against Rs 4,601.89 crore in the same period a year ago, Indian Bank said in a regulatory filing. Although the gross non-performing assets (NPAs) during the quarter declined marginally to 7.37 per cent from 7.47 per cent, the provisions for bad loans increased three-fold. In absolute terms, gross NPAs were at Rs 11,990.14 crore, up from Rs 9,865.13 crore in the year-ago period. Here's what Indian Bank MD and CEO Kishor Kharat has to say on their performance. (Text: PTI)